Active license answersa - Study guides, Class notes & Summaries

Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? - ANSWERSa. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which form of co-ownership is a person's ownership inheritable? - ANSWERSa. Joint tenancy b. Tenancy by the ent...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...

How many days do landlords have under current California law to return the unused portion of a security deposit? - ANSWERSA) 21 days In California, there are 4 levels of licensing for real estate appraisers. Which of the following is not one of them? - ANSWERSA) Licensed managing appraiser There is no such thing as a licensed managing appraiser. Certified residential appraisers are the 4th level of appraiser. California Real Estate Law requires that every applicant for a real estate bro...

Board - ANSWERSBoard of cosmetologist Examiners Cosmetology - ANSWERSthe practice of personal services, for compensation, for the cosmetic care of the hair, nails, and skin. These services include cleaning, conditioning, shaping, reinforcing, coloring, and enhancing the body surface in the areas of the head, scalp, face, arms, hands, legs, feet, and trunk of the body, except where these services are performed by a barber under sections....... Cosmetologist - ANSWERSany person who, for comp...

What is investment gain? - ANSWERSan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE of this situation? - ANSWERSAny problems that arise after policy purchase are not covered. Which of the following is an example of something that would be listed on a Closing Disclosure as a credit...

Gold coast chapter 6 questions with 100% correct answersa licensee who disagrees with a final order of the commission may ___ ___ ___ within ___ days with the ___ ___ ___ - correct answer File an appeal, 30, district Court of appeals the maximum amount that can be paid from the real estate recovery fund based on the actions of a licensee with multiple judgment awarded against them is ___. - correct answer $150,000 Formal hearings are conducted before a ___ ___ ___who is appointed by the _...

Order of priority of a "Legally Authorized Person" - ANSWERS-The Decedent -Person designated by decedent -Surviving spouse -Son or daughter 18+ -A parent -Brother or sister 18+ -Grandchild 18+ -A grandparent -Any person in the next degree of kinship If there is no family member existing or available, the legally authorized person may include: - ANSWERS-Guardian at the time of death -Personal representative -Attorney-in-fact at the time of death -Health surrogate -Public heal...

What is investment gain? - ANSWERSan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE of this situation? - ANSWERSAny problems that arise after policy purchase are not covered. Which of the following is an example of something that would be listed on a Closing Disclosure as a credit...

TCOLE Mission - ANSWERSA regulatory state agency, Utilized to establish and enforce standards to ensure that the people of Texas are served by highly trained and ethical law-enforcement, corrections, and telecommunications personnel. TCOLE was created by an act of the... - ANSWERS59th Legislature Instructor and Student Responsibility - ANSWERS-For providing students with physical or electronic access to a copy of the commission rules as a reference guide -Likewise, students are responsibl...

What is investment gain? correct answersan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE of this situation? correct answersAny problems that arise after policy purchase are not covered. Which of the following is an example of something that would be listed on a Closing Disclosure...